| # | Team | MP | W/W | W/D | W/L | D/W | D/D | D/L | L/W | L/D | L/L | Pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Albion Rovers | 36 | 13 | 0 | 1 | 7 | 4 | 2 | 2 | 1 | 6 | 71 |
| 2. | Queen's Park | 36 | 14 | 1 | 0 | 2 | 7 | 5 | 1 | 2 | 4 | 61 |
| 3. | Arbroath | 36 | 9 | 4 | 0 | 6 | 2 | 6 | 1 | 2 | 6 | 56 |
| 4. | East Fife | 36 | 11 | 2 | 1 | 2 | 5 | 5 | 2 | 1 | 7 | 53 |
| 5. | Annan | 36 | 4 | 1 | 2 | 10 | 4 | 5 | 0 | 3 | 7 | 50 |
| 6. | Clyde | 36 | 6 | 3 | 1 | 6 | 4 | 5 | 1 | 1 | 9 | 47 |
| 7. | Elgin City | 36 | 8 | 1 | 1 | 4 | 5 | 7 | 0 | 3 | 7 | 45 |
| 8. | Berwick | 36 | 7 | 5 | 1 | 4 | 5 | 8 | 0 | 0 | 6 | 43 |
| 9. | East Stirlingshire | 36 | 7 | 0 | 0 | 6 | 2 | 4 | 0 | 2 | 15 | 43 |
| 10. | Montrose | 36 | 4 | 1 | 0 | 5 | 2 | 5 | 0 | 3 | 16 | 33 |